DDM Analysis: 7504.T

Valuation Snapshot

Stable Growth	$8,649.32 - $36,539.57	$21,594.89
Multi-Stage	$4,267.19 - $4,671.35	$4,465.56
Blended Fair Value	$13,030.22
Current Price	$2,701.00
Upside	382.42%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	13.33%	8.98%	54.87	46.86	44.78	42.75	35.78	29.35	28.41	27.39	27.69	23.11
YoY Growth	-	-	17.10%	4.63%	4.76%	19.48%	21.90%	3.33%	3.71%	-1.07%	19.80%	-0.44%
Dividend Yield	-	-	2.03%	1.89%	2.18%	2.80%	2.43%	2.00%	2.48%	2.03%	2.59%	2.75%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	3,561.88
(-) Cash Dividends Paid (M)	526.42
(=) Cash Retained (M)	3,035.46

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	712.38	445.23	267.14
Cash Retained (M)	3,035.46	3,035.46	3,035.46
(-) Cash Required (M)	-712.38	-445.23	-267.14
(=) Excess Retained (M)	2,323.09	2,590.23	2,768.32
(/) Shares Outstanding (M)	19.39	19.39	19.39
(=) Excess Retained per Share	119.83	133.61	142.80
LTM Dividend per Share	27.15	27.15	27.15
(+) Excess Retained per Share	119.83	133.61	142.80
(=) Adjusted Dividend	146.99	160.76	169.95
WACC / Discount Rate	7.29%	7.29%	7.29%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$8,649.32	$21,594.89	$36,539.57
Upside / Downside	220.23%	699.51%	1,252.82%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	3,561.88	3,793.40	4,039.97	4,302.57	4,582.23	4,880.08	5,026.48
Payout Ratio	14.78%	29.82%	44.87%	59.91%	74.96%	90.00%	92.50%
Projected Dividends (M)	526.42	1,131.32	1,812.63	2,577.74	3,434.65	4,392.07	4,649.50

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.29%	7.29%	7.29%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	1,044.52	1,054.42	1,064.32
Year 2 PV (M)	1,545.16	1,574.59	1,604.30
Year 3 PV (M)	2,028.78	2,087.02	2,146.36
Year 4 PV (M)	2,495.81	2,591.79	2,690.51
Year 5 PV (M)	2,946.66	3,088.98	3,236.76
PV of Terminal Value (M)	72,664.25	76,173.96	79,817.99
Equity Value (M)	82,725.18	86,570.77	90,560.25
Shares Outstanding (M)	19.39	19.39	19.39
Fair Value	$4,267.19	$4,465.56	$4,671.35
Upside / Downside	57.99%	65.33%	72.95%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 9 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
ATLO	Ames National Corporation	3.84%	$0.87	48.60%
FRME	First Merchants Corporation	3.83%	$1.44	35.39%
PCAR	PACCAR Inc	3.83%	$4.27	83.66%
0HJO.L	AvalonBay Communities, Inc.	3.82%	$6.86	84.26%
FE	FirstEnergy Corp.	3.82%	$1.73	75.49%
LXFR	Luxfer Holdings PLC	3.81%	$0.52	98.38%
LCII	LCI Industries	3.80%	$4.72	64.48%
NEN	New England Realty Associates Limited Partnership	3.78%	$2.44	73.23%
PAYX	Paychex, Inc.	3.78%	$4.10	91.97%
RGCO	RGC Resources, Inc.	3.78%	$0.81	63.02%
UBSI	United Bankshares, Inc.	3.78%	$1.45	48.05%
SLVM	Sylvamo Corporation	3.77%	$1.80	41.11%
CAC	Camden National Corporation	3.75%	$1.61	47.99%
ARCH	Arch Resources, Inc.	3.74%	$5.04	50.87%
USB	U.S. Bancorp	3.74%	$2.02	43.68%
WSR	Whitestone REIT	3.74%	$0.52	60.32%
FDBC	Fidelity D & D Bancorp, Inc.	3.73%	$1.61	35.71%
WNC	Wabash National Corporation	3.73%	$0.33	5.38%
VLY	Valley National Bancorp	3.72%	$0.43	47.26%
GHLD	Guild Holdings Company	3.71%	$0.74	36.91%
FNF	Fidelity National Financial, Inc.	3.69%	$2.00	46.79%
IPAR	Inter Parfums, Inc.	3.68%	$3.15	61.47%
WSBF	Waterstone Financial, Inc.	3.68%	$0.61	45.57%
AROW	Arrow Financial Corporation	3.66%	$1.15	54.67%
ASIX	AdvanSix Inc.	3.66%	$0.63	32.72%
ASRV	AmeriServ Financial, Inc.	3.66%	$0.12	78.81%
CVGW	Calavo Growers, Inc.	3.66%	$0.80	71.92%
OXY	Occidental Petroleum Corporation	3.65%	$1.55	75.62%
FMAO	Farmers & Merchants Bancorp, Inc.	3.64%	$0.89	37.59%
LNKB	LINKBANCORP, Inc.	3.64%	$0.30	29.21%
BHRB	Burke & Herbert Bank & Trust Company	3.63%	$2.24	31.71%
EOG	EOG Resources, Inc.	3.63%	$3.90	38.34%
FITB	Fifth Third Bancorp	3.61%	$1.72	47.89%
LNC	Lincoln National Corporation	3.61%	$1.63	14.98%
MCBS	MetroCity Bankshares, Inc.	3.61%	$0.95	36.60%
OZK	Bank OZK	3.61%	$1.70	26.69%
PCB	PCB Bancorp	3.61%	$0.78	31.72%
SFD	SMITHFIELD FOODS INC	3.60%	$0.80	36.46%
0HOB.L	H&R Block, Inc.	3.59%	$1.54	33.12%
ASB	Associated Banc-Corp	3.59%	$0.92	87.56%
PLOW	Douglas Dynamics, Inc.	3.59%	$1.18	66.47%
EXC	Exelon Corporation	3.58%	$1.57	56.50%
MC	Moelis & Company	3.58%	$2.55	85.89%
TIPT	Tiptree Inc.	3.57%	$0.64	49.10%
BPRN	Princeton Bancorp, Inc.	3.56%	$1.20	46.56%
EVRG	Evergy, Inc.	3.56%	$2.60	71.71%
CZFS	Citizens Financial Services, Inc.	3.55%	$1.97	27.82%
CNO-PA	CNO Financial Group, Inc. 5.125	3.54%	$0.67	22.53%
NBTB	NBT Bancorp Inc.	3.54%	$1.47	46.30%
0JQQ.L	Archer-Daniels-Midland Company	3.53%	$2.03	82.76%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Kohsoku Corporation (7504.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener